Creative Planning Has $1.47 Million Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Creative Planning increased its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,351 shares of the financial services provider’s stock after acquiring an additional 14,133 shares during the quarter. Creative Planning’s holdings in Kennedy-Wilson were worth $1,474,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Elkhorn Partners Limited Partnership increased its holdings in shares of Kennedy-Wilson by 2.9% during the first quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider’s stock valued at $37,226,000 after acquiring an additional 121,223 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Kennedy-Wilson by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock valued at $13,004,000 after purchasing an additional 104,577 shares in the last quarter. ProShare Advisors LLC raised its holdings in Kennedy-Wilson by 31.1% during the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock worth $7,448,000 after buying an additional 205,890 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Kennedy-Wilson by 1,238.7% in the first quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock valued at $6,047,000 after buying an additional 652,116 shares in the last quarter. Finally, Old West Investment Management LLC grew its holdings in shares of Kennedy-Wilson by 7.9% during the second quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock valued at $6,732,000 after buying an additional 50,474 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. JPMorgan Chase & Co. raised their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 8th.

Kennedy-Wilson Stock Down 1.3 %

Kennedy-Wilson stock opened at $10.99 on Wednesday. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $1.51 billion, a PE ratio of -4.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $13.48. The firm’s 50-day simple moving average is $10.97 and its 200 day simple moving average is $10.23.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. The company had revenue of $132.00 million during the quarter, compared to the consensus estimate of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. Kennedy-Wilson’s revenue was down 9.9% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. Research analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Monday, September 30th. Kennedy-Wilson’s payout ratio is -17.91%.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.